CBN fixes next week for 1st MPC meeting in 2018
The first Monetary Policy Committee (MPC) meeting for 2018 is scheduled to hold on Tuesday, April 3, and Wednesday, April 4, 2018, the Central Bank of Nigeria (CBN) announced this yesterday.
The announcement came after the two newly confirmed deputy governors and three MPC members assumed duty yesterday at the headquarters of the bank in Abuja.
Mrs. Aisha Ahmad and Mr. Edward Lametek Adamu were confirmed last week by the senate as deputy governors of the CBN.
A statement from the CBN said the trio of Professor Adeola Festus Adenikinju, Dr. Robert Asogwa and Dr. Aliyu Rafindadi Sanusi were also at the head office of the CBN to formally commence their tenure as members of the MPC.
Welcoming the new deputy governors and members of the MPC, the CBN Governor, Mr. Godwin Emefiele, prior to their subscription to the relevant oaths of office, congratulated them on their respective appointments by the president and subsequent confirmation by the senate. Mr. Emefiele, flanked by Mr. Adebayo Adelabu and Dr. Joseph Okwu Nnanna, Deputy Governors in charge of Operations and Financial System Stability (FSS) respectively, expressed gladness that the bank now had a full complement of deputy governors to enable it operate optimally, as well as the required quorum to enable the MPC hold its statutory meetings for formulating monetary and credit policies.
Mrs. Ahmad, Mr. Adamu and the three new MPC members subsequently subscribed to their oaths of office administered by the acting Director, Corporate Secretariat at the CBN, Mrs. Alice Karau. Thereafter, the Director, Monetary Policy Department (MPD), Mr. Moses Tule, read out the charter of the MPC to the new members before they retired into their maiden MPC retreat preparatory to the first MPC meeting for 2018 scheduled to hold on Tuesday, April 3, and Wednesday, April 4, 2018.